20

Reliance Industries Limited

Invest. Innovate. Inspire. For a new India.

Annual Report 2014-15

02-45

46-103

104-201

202-315

316-348

Corporate Overview

Management Review

Governance

Financial Statements

Shareholder Information

Review of Operations

REVIEW OF OPERATIONS

REFINING AND MARKETING

RIL has world-scale competitive assets in the
refining business. It runs one of the most
energy efficient refineries globally with
among the lowest operating cost per barrel,
adjusted for complexity. Key intrinsic strengths
of RILs refining business comprise:
Largest single site refinery - crude
processing capacity of 1.24 MMBPD
Robust configuration - Nelson Complexity
Index of 12.7
Ability to sustain high operating rates state-of-the-art operating and maintenance
practices
Dedicated world-scale port facilities strong
crude and product freight economics
Flexibility to process wide range of
challenging crudes competitive feedstock
costs
Flexibility to swing product slate agile and
opportunistic response to volatile markets
Robust logistics set-up and proficient
product placement team enables placement
of large volumes of refined product globally

Read more about the Refining Operations on page 50

FEATURED ON THIS PAGE

Jamnagar refining complex and jetty facilities

ACHIEVEMENTS IN FY 2014-15

13

67.9 MMT

Record EBIT for the year

($ 2.5 billion)

New crude grades processed

Crude processed at
110% utilisation rate

$ 32.5 billion

300+

Total exports of
refined products

Fuel retail outlets operational

15,827 crore

Petcoke gasification
Project under fast track implementation

GRM of
$ 8.6/bbl
Outperforming regional
benchmark margins

21

22

Invest. Innovate. Inspire. For a new India.

Reliance Industries Limited

Annual Report 2014-15

02-45

46-103

104-201

202-315

316-348

Corporate Overview

Management Review

Governance

Financial Statements

Shareholder Information

Review of Operations

REVIEW OF OPERATIONS

PETROCHEMICALS
RIL is one of the top petrochemicals producers
globally and the largest producer in India. RILs
petrochemicals business portfolio consists
of polymers, polyester, fibre intermediates,
elastomers and chemicals. Integration from
refinery to petrochemicals provides feedstock
security, logistics advantage and economies of
scale. RILs wide product portfolio, world-scale
capacities, integrated operations and presence
in growing domestic market supports high
operating rates and provides earnings stability.

START-UP OF NEW FACILITIES

PBR plant, Hazira
Capacity: 40 KTPA

SBR plant, Hazira

ACHIEVEMENTS IN FY 2014-15

22 MMT

38%

>2.0 MMT

Overall Petrochemicals
production in India

Overall share in Indian

polymer market

PP sales in India
market share of 58%

37%

26%

Securing feedstock

Share of specialty products

in polyester

Polyester filament market share

increased with start-up of new
Silvassa facility

Implementing project to source

1.5 MTPA of ethane from US
to feed crackers in India

Capacity: 150 KTPA

Creating new market New cracker to

improve cost
opportunities
competitiveness
in India

PET plant, Dahej

Capacity: 650 KTPA

New product application

development in Polymers
and Polyesters

PTA plant, Dahej

Capacity: 1,150 KTPA

Read more about the Petrochemicals Operations on page 55

TOP:
Robotic packaging in POY, Silvassa
BOTTOM, LEFT TO RIGHT:
PTA plant, Dahej
Silvassa Polyester plant, Packaging section
Construction site, ROGC

Refinery off-gas cracker and

related downstream projects
under implementation

23

24

Reliance Industries Limited

Invest. Innovate. Inspire. For a new India.

Annual Report 2014-15

02-45

46-103

104-201

202-315

316-348

Corporate Overview

Management Review

Governance

Financial Statements

Shareholder Information

Review of Operations

REVIEW OF OPERATIONS

OIL & GAS

RILs upstream portfolio includes operations
in conventional upstream, which consists
of onland, shallow water and deepwater
acreages, Coal Bed Methane (CBM) and Shale
Gas. This places RIL in an advantageous
position of having strong offshore (deepwater) capabilities combined with the
knowledge of operations in unconventional
areas, such as CBM and Shale Gas.
RILs assets include KG-D6, Panna-Mukta,
Tapti and two CBM blocks in addition to
several domestic and international blocks.
Additionally, RIL has three joint ventures in
North America one in the Eagle Ford play
and two in Marcellus play.

KG-D6 JV PRODUCTION
157.6 BCF

2.28 MMBBL

Gas

Oil and condensates

PMT JV PRODUCTION
85 BCF

7.45 MMBBL

Gas

Oil and condensates

Read more about the Oil & Gas Operations on page 61

TOP:
Control Riser Platform (CRP)
BOTTOM, LEFT TO RIGHT:
US shale operation in Marcellus play
Off-shore control room
Control Riser Platform (CRP) at KG-D6 off-shore

ACHIEVEMENTS IN FY 2014-15

142 BCFe

195 BCFe

11%

RILs share of production

in India

RILs share of production

(CY2014) in US shale operations

Growth in reserve accretion

in US shale operations with
proved reserves at 2.95 TCFe as at
December 2014

17 million acres

Two booster
compressors

Total JV acreage

Commissioned in KG-D6
block on-shore terminal

CBM block
Development activities in
advanced stage of mechanical
completion

Shahdol-Phulpur gas
pipeline project
Production sharing contract
Construction work in progress

Signed between RIL and Myanma Oil & Gas Enterprise

(MOGE) for two offshore blocks (M17 and M18) in the
Tanintharyi basin of Myanmar

25